The OPERAND GROUP portfolio has spanned a variety of industries and revenue models.

OPERAND GROUP believes there is opportunity to create value in any situation through hard work, reinvestment of profits, and professionalizing promising businesses.

Our Portfolio

Location: St. Louis Park, MN
Industry: Consumer
Acquired: 2010
Exit: 2012
www.midwestsupplies.com
Midwest Supplies is one of the largest winemaking and home beer-brewing supply shop in America. Since 1995 it has been providing home brewers and winemakers with quality home brewing and wine making equipment, fresh ingredients and outstanding customer service.
Location: Canoga Park, CA
Industry: Healthcare Services
Acquired: 2014
Exit: 2019

www.aegisgroup.com
Aegis Treatment Centers, LLC. operates the largest system of Narcotic Treatment Programs in California. Aegis has 25 clinics in fourteen counties throughout the state, serving over 6,400 patients per day.
Location: Chicago, IL
Industry: Hospitality IT
Acquired: 2011
Exit: 2015
www.innflux.com
Prior to being acquired by Thing5 on 1/21/15, Innflux was one of the leading ISP’s to the hospitality industry. Innflux had over 800 HSIA deployments throughout the US and Caribbean, across all sizes and classes of hotels.
Location: Austin, TX
Industry: E-Learning
Acquired: 2010
Exit: 2017
workplacesolutions.com
Workplace Answers provides industry-specific compliance solutions for enterprise, higher education, and government organizations.
Location: Green Bay, WI
Industry: Healthcare
Acquired: 2014
Exit: 2018
www.caravelautism.com
LVD offers diagnostic evaluations, testing services, individual sessions, and in-home therapy to patients with autism. In addition to Applied Behavioral Analysis treatment, provides diagnostic evaluations, periodic evaluations and testing, and social skills training to children.
Location: Fort Worth, TX
Industry: Manufacturing
Acquired: 2014
www.crowcomponents.com
Crow provides high performance, precision engineered forgings for mission-critical applications in the aerospace, defense and industrial markets.
Location: Burlington, VT
Industry: Media Services
Acquired: 2016

www.subatomicdigital.com
Subatomic Digital provides video editing services to media companies delivering their content over both traditional and streaming channels. In addition, the company provides on-demand manufacturing and fulfillment for content-rich media companies looking to monetize their existing intellectual property.
Location: Phoenix, AZ
Industry: Healthcare Capital Planning
Aquired: 2016
Exit: 2021
www.attainia.com
Attainia is the market leading software provider for hospital expansion and renovation planning, as well as ongoing budgeting and capital equipment lifecycle management.

Location: Addison, TX
Industry: Print Advertising
Aquired: 2016
www.lawpublications.net
ADSCO (d/b/a “L.A.W. Publications”) is a niche publishing and print advertising company that services law enforcement and community agencies by creating free educational and informational materials that are subsidized by local advertising.

Location: Detroit, MI
Industry: Healthcare
Acquired: 2017
www.unifieddentalcare.com
Unified Dental Partners is a Dental Service Organization providing outsourced dental office management to multiple practices in Detroit, MI.
Location: Tampa, FL
Industry: Fresh Food Management
Acquired: 2017
Exit: 2020
www.applieddatacorp.com
Applied Data Corp. (ADC) is a leading provider of Fresh Item Management Technology to supermarkets, convenience stores, and food service industries. ADC’s software provides operating efficiencies and compliance solutions for fresh food businesses worldwide.
Location:Brentwood, TN
Industry: Gift Cards/Payments
Acquired: 2017
www.ecardsystems.com
E-Card provides comprehensive gift card solutions to over 20,000 merchants in 38,000 locations. Founded in 2001, E-Card manufacturers physical cards and offers closed-loop processing across a wide range of POS platforms.
Location: Ottawa, ON (Canada)
Industry: Software/E-Textbook Distribution
Acquired: 2018
www.kivuto.com
Kivuto serves over 20,000 colleges and universities worldwide with digital distribution and management solutions for software and e-books, primarily to departments, faculties and students.
Location: Wyomissing, PA
Industry: Health
Acquired: 2018
www.dynamicgrowth.dental
DGDS is a Dental Support Organization focused on supporting dental practices in Eastern PA.
Location: San Diego, CA
Industry: Specialty Biotech Services
Acquired: 2018
www.explorabiolabs.com
Explora is a West Coast-based preclinical contract research organization (CRO) that provides in vivo discovery pharmacology and OnDemand vivarium services to the biotech, pharmaceutical and academic communities.
Location: Mexico City, Mexico
Industry: Telecom
Acquired: 2018
www.serv.net.mx
Servnet is a last mile B2B Internet and Telephone Service Provider (ISP/TSP) based in Mexico City. Servnet also offers value-added, data center and cloud services.
Location: Anaheim, CA
Industry: Packaging
Acquired: 2018
craftsmancuttingdies.com
Craftsman Cutting Dies manufactures and sells cutting tools and printing plates to corrugated cardboard converters, box plants, and other companies in the packaging industry.
Location: San Francisco, CA
Industry: Legal Services/Staffing
Acquired: 2018
www.paragonlegal.com
Legal is a niche legal services outsourcing firm that provides high-quality attorneys on a temporary project basis to corporate legal departments.
Location: Miami, FL
Industry: Eye Care
Acquired: 2018
www.retinamaculamiami.com
American Vision Group (dba “Your Eye Specialists” and “RMSM”) is the byproduct of the combination of two of the premier specialty ophthalmologic practices in Southeast Florida.
Location: Mendota Heights, MN
Industry: Logistics
Acquired: 2018
www.corporate.navegate.com
Navegate Logistics is a tech-enabled freight forwarder and logistics software provider. Navegate primarily services the middle market with a suite of services that cover a variety of the components of complex supply chains.
Location: Kerrville, TX
Industry: Oil + Gas Services
Acquired: 2019
www.jitrental.com
Just In Time Services (JIT) is an equipment rental and sanitary services provider, primarily to pipeline construction projects in TX, NM and OK.
Location: Minneapolis, MN
Industry: Automotive Services
Acquired: 2019
www.dealer121.com + www.jmgny.com
Randolph and Ryan (d/b/a Dealer 121 and Jacobs Marketing Group) provides a suite of outsourced marketing solutions to automotive dealerships.
Location: Lake Zurich, IL
Industry: Fire Safety Testing
Acquired: 2019
www.hosemonster.com
Hydro Flow Products, which does business under the Hose Monster brand, manufactures proprietary fire pump testing equipment. Hose Monster is the only FM Approved product servicing the fire pump testing market.
Location: Salem, NH
Industry: Enterprise Software / Big Data
Acquired: 2019
www.utilitycloud.us
Utility Cloud’s solutions are designed to solve for complex asset management cases including, but not limited to, monitoring continuous assets such as pipelines, sampling, and other GPS-dependent field functions.
Location: Eau Claire, WI
Industry: Online Education
Acquired: 2019
www.lorman.com
Lorman provides an extensive catalog of online material that fulfills the need for Continuing Education on a variety of compliance, regulatory, and business topics.
Location: New York, NY
Industry: Survey Software
Acquired: 2019
www.voxco.com
Powerful survey software for a multi-channel world. Maximize your organization’s survey efficiency. Run any type of survey across multiple channels into one centralized platform.
Location: Columbia, MD
Industry: Web Services
Acquired: 2019
www.unleashed-technologies.com
Unleashed offers web design, integration and hosting services through a forward-thinking execution model that focuses on client engagement beyond the project.
Location: Apex, NC
Industry: Environmental Services
Acquired: 2019
www.dragonflypondworks.com
Dragonfly provides pond management services in the Southeast U.S. The Company focuses on maintaining and remediating stormwater control measures.
Location: Mississauga, ON
Industry: Residential Services
Acquired: 2020
https://hometurf.ca
Hometurf provides regular lawn treatments (fertilization and pest control) to tens of thousands of residential customers in Ontario and Alberta.
Location: Mexico City, MX
Industry: Digital Payments Processing
Acquired: 2021
https://moneta.com.mx
Moneta provides a range of digital payments solutions for financial institutions and large retail operations in Latin America.
Location: Itasca, IL
Industry: Industrial products
Acquired: 2021
www.linedriveu.com
Linedrive is a nation-wide manufacturers’ rep agency focused on industrial safety products.
Location: Phoenix, AZ
Industry: Industrial products
Acquired: 2021
www.driverindustrial.com
Driver Industrial is a manufacturer of industrial safety equipment across a range of applications in Mining and Heavy Industrial.
Location: Hackensack, NJ
Industry: Healthcare Services
Acquired: 2021
www.ennoblecare.com/
Ennoble Care is a palliative care platform business currently serving geriatric patient populations in the Mid-Atlantic region.
Location: Dallas, TX
Industry: Healthcare Services
Acquired: 2021
www.pharmacy-specialists.com/
Pharmacy Specialists is a Dallas, TX - based pharmacy specializing in home infusion (i.e. IV - delivered) compounds.
Location: Chicago, IL
Industry: Environmental Services
Acquired: 2022
www.statanalysis.com/
Linedrive is a nation-wide manufacturers’ rep agency focused on industrial safety products.
Location: Mexico City, DF
Industry: IT Services
Acquired: 2022
www.oncloud.com
OnCloud is a Mexico-based cloud services provider to small and medium sized business clients (SMBs).
Location: Oakville, ON
Industry: HVAC Distribution
Acquired: 2020
www.glpcanada.com
GLP is a Canadian HVAC equipment distributor operating nationally out of two locations (Ontario and Alberta).
Location: Manassas, VA
Industry: HVAC Services
Acquired: 2022
www.atlanticductcleaning.com
Atlantic Duct Cleaning provides a range of residential and commercial duct cleaning services in the Mid-Atlantic region, primarily in the Washington, DC MSA.
Location: Burlington, NC
Industry: Manufacturing
Acquired: 2022
www.psmachine.com
P&S Machining and Fabrication, Inc. is a full-service manufacturer of fabricated sheet metal and CNC machined components, primarily serving customers in the southeastern United States.
Location: Baltimore, MD
Industry: Healthcare Services
Acquired: 2022
www.indigophysio.com
Indigo has an innovative, evidence-based care model that combines pelvic physical
therapists, licensed massage therapists (“bodyworkers”), nurses, and lactation consultants to deliver
innovative and comprehensive care to prenatal and postpartum mothers.
Location: Virtual
Industry: P2P Texting
Acquired: 2023
www.mudshare.com
Mudshare is a leading SMS marketing automation software for the social impact industry that facilitates engagement, fundraising and awareness through peer-to-peer texting platform.
Location: Mississauga, ON
Industry: Healthcare
Acquired: 2023
www.nuancemedical.com
Nuance Medical is a leading developer and marketer of branded and private label consumable healthcare products marketed primarily through blue-chip healthcare product distributors.
Location: Ozark, AK
Industry: Healthcare
Acquired: 2023
www.southeast-xray.com
Division leading innovative and cloud-based end-to-end radiology solutions.
Location: San Diego, CA
Industry: Storage
Acquired: 2023
www.bigbox.com
Big Box Storage is a portable storage unit company specializing in storage and shipping.

Our Portfolio

Location: St. Louis Park, MN
Industry: Consumer
Acquired: 2010
Exit: 2012
www.midwestsupplies.com
Midwest Supplies is one of the largest winemaking and home beer-brewing supply shop in America. Since 1995 it has been providing home brewers and winemakers with quality home brewing and wine making equipment, fresh ingredients and outstanding customer service.
Location: Canoga Park, CA
Industry: Healthcare Services
Acquired: 2014
Exit: 2019
www.aegisgroup.com
Aegis Treatment Centers, LLC. operates the largest system of Narcotic Treatment Programs in California. Aegis has 25 clinics in fourteen counties throughout the state, serving over 6,400 patients per day.
Location: Chicago, IL
Industry: Hospitality IT
Acquired: 2011
Exit: 2015
www.innflux.com
Prior to being acquired by Thing5 on 1/21/15, Innflux was one of the leading ISP’s to the hospitality industry. Innflux had over 800 HSIA deployments throughout the US and Caribbean, across all sizes and classes of hotels.
Location: Austin, TX
Industry: E-Learning
Acquired: 2010
Exit: 2017
workplacesolutions.com
Workplace Answers provides industry-specific compliance solutions for enterprise, higher education, and government organizations.
Location: Green Bay, WI
Industry: Healthcare
Acquired: 2014
Exit: 2018
www.caravelautism.com
LVD offers diagnostic evaluations, testing services, individual sessions, and in-home therapy to patients with autism. In addition to Applied Behavioral Analysis treatment, provides diagnostic evaluations, periodic evaluations and testing, and social skills training to children.
Location: Fort Worth, TX
Industry: Manufacturing
Acquired: 2014
www.crowcomponents.com
Crow provides high performance, precision engineered forgings for mission-critical applications in the aerospace, defense and industrial markets.
Location: Burlington, VT
Industry: Media Services
Acquired: 2016

www.subatomicdigital.com
Subatomic Digital provides video editing services to media companies delivering their content over both traditional and streaming channels.
Location: Phoenix, AZ
Industry: Healthcare Capital Planning
Aquired: 2016
Exit: 2021
www.attainia.com
Attainia is the market leading software provider for hospital expansion and renovation planning, as well as ongoing budgeting and capital equipment lifecycle management.

Location: Addison, TX
Industry: Print Advertising
Aquired: 2016
www.lawpublications.net
ADSCO (d/b/a “L.A.W. Publications”) is a niche publishing and print advertising company that services law enforcement and community agencies by creating free educational and informational materials that are subsidized by local advertising.

Location: Detroit, MI
Industry: Healthcare
Acquired: 2017
www.unifieddentalcare.com
Unified Dental Partners is a Dental Service Organization providing outsourced dental office management to multiple practices in Detroit, MI.
Location: Tampa, FL
Industry: Fresh Food Management
Acquired: 2017
Exit: 2020
www.applieddatacorp.com
Applied Data Corp. (ADC) is a leading provider of Fresh Item Management Technology to supermarkets, convenience stores, and food service industries. ADC’s software provides operating efficiencies and compliance solutions for fresh food businesses worldwide.
Location:Brentwood, TN
Industry: Gift Cards/Payments
Acquired: 2017
www.ecardsystems.com
E-Card provides comprehensive gift card solutions to over 20,000 merchants in 38,000 locations. Founded in 2001, E-Card manufacturers physical cards and offers closed-loop processing across a wide range of POS platforms.
Location: Ottawa, ON (Canada)
Industry: Software/E-Textbook Distribution
Acquired: 2018
www.kivuto.com
Kivuto serves over 20,000 colleges and universities worldwide with digital distribution and management solutions for software and e-books, primarily to departments, faculties and students.
Location: Wyomissing, PA
Industry: Health
Acquired: 2018
www.dynamicgrowth.dental
DGDS is a Dental Support Organization focused on supporting dental practices in Eastern PA.
Location: San Diego, CA
Industry: Specialty Biotech Services
Acquired: 2018
www.explorabiolabs.com
Explora is a West Coast-based preclinical contract research organization (CRO) that provides in vivo discovery pharmacology and OnDemand vivarium services to the biotech, pharmaceutical and academic communities.
Location: Mexico City, Mexico
Industry: Telecom
Acquired: 2018
www.serv.net.mx
Servnet is a last mile B2B Internet and Telephone Service Provider (ISP/TSP) based in Mexico City. Servnet also offers value-added, data center and cloud services.
Location: Anaheim, CA
Industry: Packaging
Acquired: 2018
www.craftsmancuttingdies.com
Craftsman Cutting Dies manufactures and sells cutting tools and printing plates to corrugated cardboard converters, box plants, and other companies in the packaging industry.
Location: San Francisco, CA
Industry: Legal Services/Staffing
Acquired: 2018
www.paragonlegal.com
Legal is a niche legal services outsourcing firm that provides high-quality attorneys on a temporary project basis to corporate legal departments.
Location: Miami, FL
Industry: Eye Care
Acquired: 2018
www.retinamaculamiami.com
American Vision Group (dba “Your Eye Specialists” and “RMSM”) is the byproduct of the combination of two of the premier specialty ophthalmologic practices in Southeast Florida.
Location: Mendota Heights, MN
Industry: Logistics
Acquired: 2018
www.corporate.navegate.com
Navegate Logistics is a tech-enabled freight forwarder and logistics software provider. Navegate primarily services the middle market with a suite of services that cover a variety of the components of complex supply chains.
Location: Kerrville, TX
Industry: Oil + Gas Services
Acquired: 2019
www.jitrental.com
Just In Time Services (JIT) is an equipment rental and sanitary services provider, primarily to pipeline construction projects in TX, NM and OK.
Location: Minneapolis, MN
Industry: Automotive Services
Acquired: 2019
www.dealer121.com + www.jmgny.com
Randolph and Ryan (d/b/a Dealer 121 and Jacobs Marketing Group) provides a suite of outsourced marketing solutions to automotive dealerships.
Location: Lake Zurich, IL
Industry: Fire Safety Testing
Acquired: 2019
www.hosemonster.com
Hydro Flow Products, which does business under the Hose Monster brand, manufactures proprietary fire pump testing equipment. Hose Monster is the only FM Approved product servicing the fire pump testing market.
Location: Salem, NH
Industry: Enterprise Software / Big Data
Acquired: 2019
www.utilitycloud.us
Utility Cloud’s solutions are designed to solve for complex asset management cases including, but not limited to, monitoring continuous assets such as pipelines, sampling, and other GPS-dependent field functions.
Location: Eau Claire, WI
Industry: Online Education
Acquired: 2019
www.lorman.com
Lorman provides an extensive catalog of online material that fulfills the need for Continuing Education on a variety of compliance, regulatory, and business topics.
Location: New York, NY
Industry: Survey Software
Acquired: 2019
www.voxco.com
Powerful survey software for a multi-channel world. Maximize your organization’s survey efficiency. Run any type of survey across multiple channels into one centralized platform.
Location: Columbia, MD
Industry: Web Services
Acquired: 2019
www.unleashed-technologies.com
Unleashed offers web design, integration and hosting services through a forward-thinking execution model that focuses on client engagement beyond the project.
Location: Apex, NC
Industry: Environmental Services
Acquired: 2019
www.dragonflypondworks.com
Dragonfly provides pond management services in the Southeast U.S. The Company focuses on maintaining and remediating stormwater control measures.
Location: Mississauga, ON
Industry: Residential Services
Acquired: 2020
https://hometurf.ca
Hometurf provides regular lawn treatments (fertilization and pest control) to tens of thousands of residential customers in Ontario and Alberta.
Location: Mexico City, MX
Industry: Digital Payments Processing
Acquired: 2021
https://moneta.com.mx
Moneta provides a range of digital payments solutions for financial institutions and large retail operations in Latin America.
Location: Itasca, IL
Industry: Industrial products
Acquired: 2021
www.linedriveu.com
Linedrive is a nation-wide manufacturers’ rep agency focused on industrial safety products.
Location: Phoenix, AZ
Industry: Industrial products
Acquired: 2021
www.driverindustrial.com
Driver Industrial is a manufacturer of industrial safety equipment across a range of applications in Mining and Heavy Industrial.